That was an idea that Alex Tew, a 21-year old University student from a small town in England, had. It sounds crazy, doesn’t it? But he’s actually about to accomplish it. He has nearly 1 million dollars sitting in his bank account right now. To put the cherry on top, he has auctioned his last 1,000 pixels on eBay (ends 1/11/2006) and the current bid is $160,000 US (contrast that with $1,000). Ingenious! And yes, I am envious. But even moreso, it inspires me to be more creative in my own Internet endeavors.

I love the Internet.

CNN article: link

UPDATE:
BBC News Magazine (he considers it a good article)

Final Ebay Purchase Price on the last 1000 pixels: US $38,100.00 (with 99 bidders)